Crossamerica partners lp (CAPL)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12
Operating revenues

391,695

512,379

559,736

605,528

471,786

547,242

670,810

673,295

554,570

552,660

544,092

528,789

469,286

501,472

487,950

512,644

367,740

467,876

627,802

650,136

480,457

591,242

827,760

763,845

482,021

485,428

490,574

488,196

471,861

311,774

Costs of sales

355,966

477,334

518,591

564,158

434,709

502,168

627,012

629,323

514,619

512,537

502,517

487,167

431,840

462,748

448,812

472,129

330,550

428,279

576,833

608,965

442,730

546,250

791,466

736,897

465,354

-

-

-

-

-

Rent income from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,938

6,432

6,917

3,228

Other revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

496

508

423

109

Gross profit

35,729

35,045

41,145

41,370

37,077

45,074

43,798

43,972

39,951

40,123

41,575

41,622

37,446

38,724

39,138

40,515

37,190

39,597

50,969

41,171

37,727

44,992

36,294

26,948

16,667

-

-

-

-

-

Income from CST Fuel Supply equity interests

3,202

3,681

3,927

3,734

3,426

3,924

3,479

3,740

3,805

3,721

3,752

3,830

3,603

3,730

4,022

4,245

4,051

4,055

4,198

1,177

1,098

0

0

0

0

-

-

-

-

-

Operating expenses:
Operating expenses

10,723

10,013

12,978

14,210

15,353

14,625

15,261

15,691

16,342

14,444

15,371

16,222

15,260

15,320

14,224

16,119

15,411

14,448

20,370

20,071

17,340

25,648

12,458

7,475

2,168

1,358

1,286

1,113

820

541

General and administrative expenses

4,480

4,385

3,937

4,109

4,418

4,126

4,310

4,810

4,720

4,156

5,994

11,920

5,817

6,088

6,142

4,921

7,005

9,735

8,443

7,614

10,446

14,683

6,988

10,682

4,527

4,555

4,604

3,820

3,579

9,676

Depreciation, amortization and accretion expense

17,227

15,412

14,063

12,496

13,061

15,124

13,993

21,932

15,500

14,795

14,049

14,278

14,348

13,818

13,432

14,262

12,900

11,883

13,431

11,411

11,502

11,680

8,369

7,270

5,966

6,048

5,212

4,864

4,839

2,551

Total operating expenses

32,430

29,810

30,978

30,815

32,832

33,875

33,564

42,433

36,562

33,395

35,414

42,420

35,425

35,226

33,798

35,302

35,316

36,066

42,244

39,096

39,288

52,011

27,815

25,427

12,661

-1,384,469

483,117

479,087

464,363

310,893

Gain (loss) on dispositions and lease terminations, net

70,931

525

-1,745

-369

-59

381

-61

-6,847

230

1,388

2,371

-314

-44

-327

631

-102

-4

360

1,907

422

30

169

-49

53

1,480

-

-

47

-

471

Operating income

77,432

9,441

12,349

13,920

7,612

15,504

13,652

-1,568

7,424

11,837

12,284

2,718

5,580

6,901

9,993

9,356

5,921

7,946

14,830

3,674

-433

-6,850

8,430

1,574

5,486

6,113

7,457

9,109

7,498

881

Other income, net

137

172

168

98

86

86

104

89

94

73

121

127

118

473

-59

316

118

60

87

190

59

151

92

119

104

100

93

85

81

31

Interest expense

5,540

5,895

6,532

7,236

7,337

8,518

8,145

8,157

8,052

7,320

7,102

6,795

6,702

6,354

5,634

5,704

5,065

4,605

4,867

4,743

4,278

3,730

5,162

3,712

4,027

3,949

3,349

3,505

3,379

1,926

Income before income taxes

72,029

3,718

5,985

6,782

361

7,072

5,611

-9,636

-534

4,590

5,303

-3,950

-1,004

1,020

4,300

3,968

974

3,401

10,050

-879

-4,652

-10,429

3,360

-2,019

1,563

2,264

4,201

5,689

4,200

-1,014

Income tax (benefit) expense

-32

-540

-1,180

341

149

-611

303

-2,698

273

-16,551

966

49

-2,701

-1,304

1,308

338

-795

-820

-134

-907

-1,681

3,225

-803

-3,911

135

-1,656

-723

220

443

342

Income (loss) from continuing operations after income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,356

Net income

72,061

4,258

7,165

6,441

212

7,683

5,308

-6,938

-807

21,141

4,337

-3,999

1,697

2,324

2,992

3,630

1,769

4,221

10,184

28

-2,971

-13,654

4,163

1,892

1,428

-

4,924

-

-

-1,356

Less: net (loss) income attributable to noncontrolling interests

-

-

-

-

-

0

0

-3

-2

19

4

-6

1

2

3

4

2

7

21

-2

-5

-17

8

0

0

-

-

-

-

-

Net income attributable to limited partners

-

-

7,165

6,441

-

7,683

5,308

-6,935

-805

21,122

4,333

-3,993

1,696

-

2,989

3,626

-

-

-

-

-

-

-

-

-

-

4,924

5,469

3,757

-1,356

IDR distributions

133

134

133

133

133

133

133

133

1,180

1,175

1,115

1,055

992

936

877

820

759

597

428

195

170

119

64

31

31

-

-

-

-

-

Net income available to limited partners

71,928

4,124

7,032

6,308

79

7,550

5,175

-7,068

-1,985

19,947

3,218

-5,048

704

627

2,112

2,806

1,767

2,824

10,163

30

-2,966

-13,637

4,155

1,892

1,428

3,920

4,924

5,469

3,757

-1,356

Net income available to CrossAmerica limited Partners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,008

-

9,735

-165

-3,136

-13,756

4,091

1,861

1,397

-

-

-

-

-

Basic and diluted earnings per common unit

2.00

0.13

0.20

0.18

0.00

0.23

0.15

-0.21

-0.06

0.60

0.09

-0.15

0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic earnings per common unit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.06

0.08

0.03

0.20

0.29

-0.01

-0.13

-0.70

0.21

0.10

0.07

0.24

0.33

0.36

0.25

-0.09

Diluted earnings per common unit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.06

0.08

0.03

0.20

0.29

-0.01

-0.13

-0.70

0.21

0.10

0.07

0.24

0.33

0.36

0.25

-0.09

Basic and diluted earnings per subordinated unit

-

-

-

-

-

-

-

-

-

-

-

-

-

0.04

0.07

0.08

0.03

0.20

0.29

-0.01

-0.13

-0.70

0.21

0.10

0.07

-

-

-

-

-

Weighted-average limited partner units:
Basic common units

35,994

34,476

34,453

34,444

34,444

34,448

34,439

34,336

34,157

34,061

33,931

33,798

33,588

33,511

33,366

33,283

28,475

25,814

25,518

17,582

16,935

15,477

11,824

11,194

11,115

8,347

7,526

7,526

7,525

7,525

(a) Includes income from rentals of:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,531

-

17,801

14,608

14,420

20,226

10,829

10,763

10,695

-

-

-

-

-

(b) Includes expenses from fuel sales to related parties of:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70,252

-

123,264

135,431

96,040

96,595

211,758

232,222

194,627

-

-

-

-

-

(b) Includes expenses from rentals of:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,748

-

4,387

4,408

3,522

3,375

3,912

3,976

3,815

-

-

-

-

-

(c) Diluted common units are not used in the calculation of diluted earnings per common unit for the three and six months ended June 30, 2015 because to do so would be antidilutive

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

122

-

-

-

-

-

-

-

-

-

Basic and diluted subordinated units

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

-16

0

4,630

7,525

7,525

7,525

7,525

7,525

7,525

7,525

7,525

-

-

-

-

-

Diluted common units

35,995

34,557

34,464

34,461

34,456

34,430

34,439

34,346

34,165

34,054

33,937

33,806

33,622

33,634

33,391

33,292

28,545

25,989

25,568

17,629

17,057

15,427

11,834

11,194

11,156

8,500

7,526

7,569

7,525

7,525

Supplemental information:
Total diluted common and subordinated units

-

-

-

-

-

-

-

-

-

-

-

-

-

33,609

33,391

33,292

33,176

33,514

33,093

25,154

24,582

22,952

19,359

18,719

18,681

-

-

-

-

-

Distribution paid per common unit

-

-

-

-

-

-

-

-

-

-

-

0.61

0.61

-

0.60

0.59

0.59

0.57

0.56

0.54

0.54

-

0.52

-

-

-

-

-

-

-

Distribution declared (with respect to each respective period) per common unit

-

-

-

-

-

-

-

-

-

-

-

0.62

0.61

-

0.60

0.60

0.59

0.59

0.57

0.56

0.54

-

-

-

-

-

-

-

-

-

(a) Includes excise taxes of:

14,937

16,362

21,292

19,906

20,444

22,945

25,176

25,450

24,358

21,587

19,704

20,094

18,552

19,635

19,698

20,311

19,893

23,890

28,224

26,714

20,511

20,362

18,997

17,269

8,314

-

-

-

-

-

(a) Includes revenues from fuel sales to and rental income from related parties of:

-

-

80,667

88,361

-

83,286

122,383

124,550

103,521

105,468

110,337

104,759

94,217

131,615

99,891

107,131

73,308

129,018

126,932

139,216

98,924

112,708

216,417

237,173

198,211

-

-

-

-

-

Revenues from fuel sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

251,626

228,719

218,304

143,695

Revenues from fuel sales to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

228,347

248,704

242,865

162,792

(a) Includes rent income of:

22,688

-

-

-

21,638

-

-

-

-

-

21,644

22,005

21,441

-

19,752

20,351

-

-

-

-

-

-

-

-

-

-

4,167

3,833

3,352

1,950

(b) Includes rent expense of:

6,920

-

-

-

6,659

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenues from fuel sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

246,281

223,665

214,278

139,226

Cost of revenues from fuel sales to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

222,021

241,772

236,963

157,325

Cost of revenues from food and merchandise sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

-

-

-

(b) Includes rental expense of:

-

-

-

-

-

-

-

-

-

-

4,876

4,926

4,791

-

5,103

5,019

-

-

-

-

-

-

-

-

-

-

3,679

3,900

3,884

2,045

Subordinated units-basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,525

7,525

7,525

7,525